AST SpaceMobile Inc. has announced the pricing of cash repurchases totaling approximately $300 million in aggregate principal amount of its convertible senior notes, specifically $46.5 million of its 4.25% convertible notes and $250 million of its 2.375% convertible notes, both due in 2032. To fund these repurchases, the company will issue about 6.3 million shares of its Class A common stock in two registered direct offerings to participating note holders, with shares priced at $96.92 each. The transaction will remove around $300 million in debt and $51.4 million in remaining interest from AST SpaceMobile’s balance sheet, while resulting in a net increase of approximately 1.15 million shares outstanding. The closings of the note repurchases and the direct offerings are expected to occur on or about February 20, 2026, and are cross-conditional.

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